This interview with Rajan is so spot on. Rajan just revealed in an FT interview that his goal late last year and this spring was to “change the conversation away from the rupee.” In other words, we were DEAD RIGHT about his true intentions… and the story’s not over.

Also, I never knew that Rajan’s father was a BRITISH SPY. Imagine he picked up a set of subversive skills that are particularly useful for a central banker.

“Central bankers have had enormous responsibilities thrust on them to compensate, essentially, for the failings of the political system. And my worry is we don’t have sufficient tools to do that, but we’re not willing to say it. And, as a result, we push as hard as we can on the existing tools, and they may create more risk in the system.”